HomeMy WebLinkAboutKIN 79 4210 Replacement Debentu
·
I
I
I
i
I
THE OORFO"ATION OF THE 'roWN O~ KINCA.liDINE
. I
I
BY-LAW NO. 4210 f
I
,
I
BEING A BY_LAW 'ro AUTHO!1.IZE THE ISSUANCE OF IA .1iEPLACEMENT
DEBENTU.1iES. :
i
I
LEGISLATION: Section 327 of the Municipal ct, ".S.O. 1970
·
WHE.1iEAS Jean McVicar has represented that t e Town of
Kincardine Debentures No. 66, (By-law 4003) in the _ _
principal amount of $l,OOQ.OO !:egistered as to principal
in the name of Jean McVicar and maturing on~August 31, 1992
and Debenture No. 96 {By-law 4100) in the p incipal am01l!!t
of $1,000.00 registered as to principal in he name of Jean
McVicar and maturing on December 1st, 1989 ave been stol en;
- I
AND WHEREAS Emerson McVicar has represented that Town of
Kincardine Debentures No. 65 (By-law 4003) On the Principal
amount of $l,OQO.OO registered as to princi a1 in the name
or Emerson McVicar and maturin~ on August 3J, 1992 and
Debenture No. 130 (By-law 4100) in the prin ipa1 amount or
$1,000.00 registered as to principal in the name of Emerson
McVicar and maturing on December lst~~, 1990 have been sto1 en;
1979.
ß,~~
AND WHEREAS the said Jean McVicar and EmerSf McVicar have
asked for the issue of a_replacement debent es;
NOW THEREFO.1iE the Counci 1 of the Town of Ki cardine ENACTS as
follows: i
I
1. The Mayor and Clerk-Administrator are a~thorized to issue
replacements for the said debentures inftandard form on
the said terms ãnd conditions except th t said replacement
debentures shall be fully registered bo as to principal
and interest. _
2. ~e said Jean McVicar and Emerson McvicJr shall prove by
statutory Declaration that the said Deb1ntures have been
lost. 1-
3. That the said Je!i!n McVicar and Emerson j'cvicar shall
provide the Town of Kincardine with an "ndemnity bond
for the principal amounts.
4. The interest on the said deQ.entures sha~. '1 Q.e payable not
sooner than one month after the interes on other
debentures issued under By-laws 4003 an 4100.
I
day of Januarv
I
Read a third time and finally passed this -!furth
I
~~¿~~
, .
,
i
Read a first and second time this
4th
1979.
·
.
day of
January
-
- - .J --
.v:-=-
~. --::...
-~~~
:-:::- -"^
-- .
.
. '"
--_.-~
'--
"